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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -1.3x - -1.5x | -1.4x |
Selected Fwd P/E Multiple | 17.6x - 19.5x | 18.5x |
Fair Value | $11.79 - $13.04 | $12.42 |
Upside | 37.5% - 51.9% | 44.7% |
Benchmarks | - | Full Ticker |
NCS Multistage Holdings, Inc. | - | NasdaqCM:NCSM |
Nine Energy Service, Inc. | - | NYSE:NINE |
Forum Energy Technologies, Inc. | - | NYSE:FET |
Oil States International, Inc. | - | NYSE:OIS |
Innovex International, Inc. | - | NYSE:INVX |
DMC Global Inc. | - | NasdaqGS:BOOM |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
NCSM | NINE | FET | OIS | INVX | BOOM | |||
NasdaqCM:NCSM | NYSE:NINE | NYSE:FET | NYSE:OIS | NYSE:INVX | NasdaqGS:BOOM | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | NM- | NM- | NM- | 142.4% | NM- | ||
Latest Twelve Months | 309.1% | -27.5% | -616.9% | -189.1% | 89.8% | -864.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -5.3% | -30.1% | -15.3% | -18.4% | 13.9% | -0.8% | ||
Prior Fiscal Year | -2.2% | -5.3% | -2.6% | 1.6% | 13.3% | 2.9% | ||
Latest Fiscal Year | 4.1% | -7.4% | -16.6% | -1.6% | 21.2% | -25.1% | ||
Latest Twelve Months | 4.1% | -7.4% | -16.6% | -1.6% | 21.2% | -25.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 10.2x | 8.2x | 5.4x | 6.5x | 11.0x | 8.3x | ||
Price / LTM Sales | 0.6x | 0.1x | 0.3x | 0.5x | 1.9x | 0.3x | ||
LTM P/E Ratio | 13.9x | -1.2x | -1.9x | -28.5x | 9.1x | -1.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -28.5x | -1.2x | 13.9x | |||||
Historical LTM P/E Ratio | -117.3x | -1.1x | 475.1x | |||||
Selected P/E Multiple | -1.3x | -1.4x | -1.5x | |||||
(x) LTM Net Income | (161) | (161) | (161) | |||||
(=) Equity Value | 216 | 227 | 239 | |||||
(/) Shares Outstanding | 20.2 | 20.2 | 20.2 | |||||
Implied Value Range | 10.66 | 11.22 | 11.79 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 10.66 | 11.22 | 11.79 | 8.58 | ||||
Upside / (Downside) | 24.3% | 30.8% | 37.4% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | NCSM | NINE | FET | OIS | INVX | BOOM | |
Value of Common Equity | 92 | 48 | 256 | 321 | 1,274 | 174 | |
(/) Shares Outstanding | 2.5 | 42.3 | 12.3 | 61.8 | 69.3 | 20.2 | |
Implied Stock Price | 36.16 | 1.14 | 20.73 | 5.20 | 18.40 | 8.58 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 36.16 | 1.14 | 20.73 | 5.20 | 18.40 | 8.58 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |